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The empirical evidence on trade reforms suggests that these have a surprisingly small impact on the country …'s industrial configuration. This industrial structure inertia is difficult to rationalize in standard trade models. This paper … to study the consequences of different types of trade reforms (e.g. permanent, temporary, gradual, pre-announced) on …
Persistent link: https://www.econbiz.de/10012472113
Since 1977, and in some cases starting before that, most East Asian countries' export patterns in manufacturing have been transformed from industry distributions typical of developing countries to distributions more like those of advanced countries. The process of change in most cases started...
Persistent link: https://www.econbiz.de/10012470927
This paper describes a new, industry-adjusted index of state environmental compliance costs from 1977 to 1994. The index has two principal advantages: it controls for states' industrial compositions, and it can be calculated for 17 years, thus facilitating comparisons both among states and...
Persistent link: https://www.econbiz.de/10012471487
Most of the rise in overall earnings inequality is accounted for by rising between-industry dispersion from about ten percent of 4-digit NAICS industries. These thirty industries are in the tails of the earnings distribution, and are clustered especially in high-paying high-tech and low-paying...
Persistent link: https://www.econbiz.de/10013191015
The field of Industrial Organization has made dramatic advances over the last few decades in developing empirical methods for analyzing imperfect competition and the organization of markets. We describe the motivation for these developments and some of the successes. We also discuss the relative...
Persistent link: https://www.econbiz.de/10012462866
labor market frictions and worker heterogeneity provides a framework for studying the impact of trade on unemployment and …
Persistent link: https://www.econbiz.de/10012462891
Empirical exercises in economics frequently involve estimation of highly nonlinear models. The criterion function may not be globally concave or convex and exhibit many local extrema. Choosing among these local extrema is non-trivial for a variety of reasons. In this paper, we analyze the...
Persistent link: https://www.econbiz.de/10012464564
answer to this question is central to a proper assessment of many trade and industrial policies. In this paper, we explore …
Persistent link: https://www.econbiz.de/10012465649
of Leamer (1983). Variables considered are (i) bilateral trade between countries; (ii) total trade in each country; (iii … that bilateral trade is robust. However, two variables that the literature has argued are important for business cycles …
Persistent link: https://www.econbiz.de/10012467965
What factors determine national differences in the size and industry distribution of employment? We stress the role of the economic policy environment as determined by business taxes, employment securitylaws, credit market regulations, the national pension system, wage-setting institutions and...
Persistent link: https://www.econbiz.de/10012472566